Asean

Singapore sovereign wealth fund Temasek Holdings is set to take the securitization market to the next level, seeking three tranches of rated notes worth $500m-equivalent through Astrea IV. A local currency-denominated tranche will also be opened for subscription to retail investors later this week.

Del Monte Philippines has kicked off bookbuilding for an up to Ps17.6bn ($334.5m) IPO after winning approval from the country's stock exchange on Wednesday.

Singapore Exchange suffered an unfavourable twist in its Indian futures saga this week, when the Bombay High Court granted an injunction on new derivatives contracts that it had planned to launch next week. But one exchange’s misfortune might be a large asset manager’s opportunity.

The parent of Thailand’s VGI Global Media bagged Bt3.5bn ($110m) from a larger-than-expected overnight share sale on Wednesday.

The Republic of the Philippines is looking at two benchmark sized transactions in the second half of the year, to be denominated in dollars and yen, a source at the Bureau of the Treasury told GlobalCapital Asia this week.

Philippine firm Rizal Commercial Banking Corp is seeking a $300m offshore loan via five mandated lead arrangers and bookrunners, according to a banker with knowledge of the deal.

David So, an executive director for debt capital markets, Asia Pacific, is leaving Natixis to join a competitor.

Leonard Ng has joined Standard Chartered’s debt capital markets team in Singapore.

Vietnamese telecommunications company Viettel Group has returned to the syndications market after two years for an up to $150m term loan, according to a source close to the situation.

Food and beverage company Del Monte Pacific has got the nod from the Philippine market regulator to spin off its local subsidiary, according to a stock exchange filing.

The Republic of Indonesia returned to the public yen market on Thursday for a ¥100bn ($913.76m) four-tranche transaction, navigating challenges around emerging markets volatility and its rising dollar bond yields.

Singapore’s Mapletree Logistics Trust raised S$220m ($164m) from a primary offering after pricing the units at the best end of terms for the issuer.